Day: May 17, 2026

Ollin Mortgage Finance, a subsidiary of GlobalCorp, has finalized its second mortgage securitization bond issuance worth EGP 3.31bn, following approval from the Financial Regulatory Authority (FRA). The issuance was executed under the company’s third securitization program and structured across three tranches to appeal to diverse investor segments. The first tranche…

Egypt and Rwanda discussed expanding cooperation in water resources, including rainwater harvesting projects, groundwater exploration and technical capacity building, during the second meeting of the joint steering committee overseeing bilateral water cooperation. In a statement, Egypt’s Ministry of Water Resources and Irrigation said Minister Hani Sewilam received the Rwandan delegation…

Egypt has completed logistical preparations to host 2,000 athletes from 25 countries for the 12th Federation of Africa University Sports (FASU) Games this August, the Ministry of Higher Education and Scientific Research announced. The Cairo 2026 games, scheduled for August 9 to 16, will feature competitions across 18 sports. Currently,…

Egypt has welcomed the implementation of the second phase of a $1bn development policy financing programme with the World Bank and is looking forward to launching a third phase, Foreign Minister Badr Abdelatty said on Sunday. The announcement came during Abdelatty’s meeting with World Bank Vice President for the Middle…

IMKAN Misr announced the signing of a Memorandum of Understanding with the Arab Academy for Science, Technology and Maritime Transport to allocate 45 feddans within Alburouj in New Heliopolis for the establishment of a new campus for the Academy, reflecting both parties’ commitment to supporting the education sector and strengthening…

Egypt’s Prime Minister Mostafa Madbouly met with Minister of Supply and Internal Trade Sherif Farouk to review the ministry’s ongoing efforts and preparations to secure food supplies and maintain market stability ahead of Eid Al-Adha. During the meeting, Madbouly stressed the importance of ensuring the continuous availability of essential commodities…

Egyptian President Abdel Fattah Al-Sisi inaugurated the New Delta agricultural project in Giza on Sunday as part of the government’s broader strategy to expand cultivated land, enhance food security and support agricultural production. According to a statement from the Egyptian presidency, the project aims to reclaim and cultivate around 2.2…